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Avon Financial Crisis
Avon, also known as the Company for Women, has been in business since 1886 and honored as one of Fortune's "50 Best Companies for Minorities" and operates in over 100 countries. Their products range from perfume, makeup, jewelry and even clothes. In 2003, 63 percent of its $6.8 billion revenue was generated from markets outside of the United States. The multinational U.S. Company, which boasted $7.7 billion in annual revenues last year, is just one of many international companies whose profits have suffered due to the weak currency exchange.
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